In the table below, you can see the probability distribution of profits, for construction projects, considering three probable scenarios: low profit, medium profit, and high profit. Suppose two projects in different cities, each with independent return distributions identical to the one shown in the table, are undertaken. If the combined returns from these two projects amount to at least $6,000 what is the probability that the total returns will be $18,000 or higher? Return Low-12000 Medium 6000 High 18000 O a. 0.44 O b. 0.51 O c. 0.37 O d. 0.74 e. 0.65 Prob 0.19 0.57 0.24

In the table below, you can see the probability distribution of profits, for construction projects, considering three probable scenarios: low profit, medium profit, and high profit. Suppose two projects in different cities, each with independent return distributions identical to the one shown in the table, are undertaken. If the combined returns from these two projects amount to at least $6,000 what is the probability that the total returns will be $18,000 or higher? Return Low-12000 Medium 6000 High 18000 O a. 0.44 O b. 0.51 O c. 0.37 O d. 0.74 e. 0.65 Prob 0.19 0.57 0.24

Calculus For The Life Sciences

2nd Edition

ISBN:9780321964038

Author:GREENWELL, Raymond N., RITCHEY, Nathan P., Lial, Margaret L.

Publisher:GREENWELL, Raymond N., RITCHEY, Nathan P., Lial, Margaret L.

Chapter13: Probability And Calculus

Section13.CR: Chapter 13 Review

Problem 6CR

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